July 14th Daily Market Comments

Bullish sentiment continues to be demonstrated. The positive trading Today, although not very excessive, shows the Dow in a Frypan Bottom/J-hook Pattern. This implies the uptrend will continue with the potential of the same price move the markets demonstrated from mid-May to mid-June. This makes the market analysis relatively easy. As long as the indexes remain above the T-line, the uptrend remains in progress.